SUBSCRIBER NOTE: Platts to launch Mexican rebar index

Following consultation with the industry, S&P Global Platts has decided to increase the frequency of Mexican domestic rebar assessment to weekly from monthly, and to create an index (base 100) off the monthly average of the assessment.

The frequency increase of Mexican domestic rebar assessment (SB01190) from monthly to weekly will start on September 14, 2018, to better capture changes in pricing dynamics.

In addition, market participants in Mexico have supported the creation of an index derived from the existing assessment for ease of contract reference.

This would mean that specifications, volume, location, timing basis and currency for the new index would mirror that of the existing Mexican domestic rebar assessment:

Grade - 42, Norm NMX-C-407 Dimension - D 9.5-15.9 mm, L 12 m Volume - 500-1,000 mt Location - DDP Northeast Lead Time - 2-4 weeks Payment terms - Net 30 days after delivery Currency - Peso/mt

Platts will consider the assessment close value of January 1, 2017, as the 100 base for the index, indicated by market participants as a period when market conditions were calm.

A back-dated calculation of the index to the base-date will be provided in order to guarantee a fair historical data.

Please, submit any feedback, comments or questions to adriana.carvalho@spglobal.com and pricegroup@spglobal.com

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.